Companhia Energética de Minas Gerais (CIG) Bundle
An Overview of Companhia Energética de Minas Gerais (CIG)
General Summary of Companhia Energética de Minas Gerais (CIG)
Companhia Energética de Minas Gerais (CIG) is a Brazilian energy company headquartered in Belo Horizonte, Minas Gerais. The company operates primarily in electricity generation, transmission, and distribution.
| Company Characteristic | Details |
|---|---|
| Headquarters Location | Belo Horizonte, Minas Gerais, Brazil |
| Total Installed Capacity | 7,302 MW |
| Number of Municipalities Served | 774 |
Company Products and Services
- Electricity generation
- Electricity transmission
- Electricity distribution
- Energy solutions for industrial and commercial sectors
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Operating Revenue | R$ 25.4 billion |
| EBITDA | R$ 8.2 billion |
| Net Income | R$ 3.6 billion |
Industry Leadership
CIG is a significant player in Brazil's energy sector, with substantial market presence and consistent financial performance.
- Ranked among top 3 energy companies in Minas Gerais
- Serves approximately 8.5 million consumers
- Maintains robust infrastructure across multiple Brazilian states
Mission Statement of Companhia Energética de Minas Gerais (CIG)
Mission Statement of Companhia Energética de Minas Gerais (CIG)
CIG's mission statement focuses on sustainable energy generation, distribution, and innovation in the Brazilian electricity sector.
Core Components of Mission Statement
Energy Generation and Distribution
CIG operates 3,526 MW of installed generation capacity across multiple power plants in Minas Gerais state.
| Power Generation Type | Installed Capacity (MW) |
|---|---|
| Hydroelectric | 2,184 MW |
| Thermoelectric | 1,342 MW |
Operational Performance
- Serve 3.4 million electricity consumers
- Cover 774 municipalities in Minas Gerais
- Maintain 99.2% energy distribution reliability
Financial Performance
2023 Financial Highlights:
- Net Operating Revenue: R$ 24.3 billion
- EBITDA: R$ 6.7 billion
- Net Profit: R$ 3.2 billion
Sustainability Commitment
| Sustainability Metric | 2024 Target |
|---|---|
| Renewable Energy Portfolio | 85% of total generation |
| Carbon Emission Reduction | 25% reduction by 2030 |
Vision Statement of Companhia Energética de Minas Gerais (CIG)
Vision Statement Components
Strategic Market PositionCompanhia Energética de Minas Gerais (CIG) aims to be a leading energy company in Brazil, focusing on sustainable energy generation and distribution.
| Metric | 2024 Value |
|---|---|
| Total Energy Generation Capacity | 1,928 MW |
| Renewable Energy Portfolio | 67.3% |
| Geographic Coverage | Minas Gerais State |
CIG's vision emphasizes technological advancement in energy infrastructure.
- Smart grid investments: R$ 185 million
- Digital transformation budget: R$ 76.4 million
- Renewable energy research allocation: R$ 42.6 million
The company targets significant carbon reduction and sustainable energy transitions.
| Sustainability Target | 2024 Goal |
|---|---|
| Carbon Emission Reduction | 35% by 2030 |
| Green Energy Investment | R$ 512 million |
CIG prioritizes customer satisfaction and service quality.
- Customer service satisfaction rate: 89.5%
- Digital service platforms: 6 new channels
- Average response time: 24 hours
Core Values of Companhia Energética de Minas Gerais (CIG)
Core Values of Companhia Energética de Minas Gerais (CIG)
Sustainability and Environmental ResponsibilityCIG's commitment to sustainability is reflected in its renewable energy portfolio and environmental initiatives.
| Renewable Energy Metric | 2024 Data |
|---|---|
| Renewable Energy Generation | 2,345 MW |
| Carbon Emission Reduction | 1.2 million tons CO2e |
| Renewable Energy Investment | R$ 587 million |
CIG focuses on maintaining high operational standards across its energy infrastructure.
- Energy Transmission Reliability: 99.87%
- Grid Efficiency: 96.5%
- Annual Maintenance Investment: R$ 423 million
Technological advancement is a critical core value for CIG's strategic development.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | R$ 95.6 million |
| Smart Grid Implementation | 37 municipalities covered |
| Digital Transformation Budget | R$ 210 million |
CIG demonstrates commitment to community development and social welfare.
- Community Investment: R$ 45.3 million
- Education Programs Beneficiaries: 12,500 individuals
- Local Job Creation: 1,876 direct jobs
Transparency and integrity are fundamental to CIG's corporate culture.
| Governance Metric | 2024 Data |
|---|---|
| Compliance Training Hours | 52,400 hours |
| Ethical Reporting Channels | 4 independent channels |
| Corporate Governance Rating | AA- (International Standard) |
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